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Meanwhile, Back at the Ranch Mauldin
Here Comes the Policy Response! Noland
Weekly Focus: Weak data expected to trigger policy response Danske
Research: Global - Waiting for the policy response - What's needed to trigger the Fed?
Don’t rule out further easing - but things have to get ugly first...
A Director With Irons in So Many Fires Morgenson
Stop the Noise - Americans Aren’t Dumb Harding
Euro to Surge ZEAL
Global Views Scotia Diverging Stock Market Dynamics Scotia Global Equity BMO
Charts with Much to Tell NTrust
Citing Gains, U.S. Doesn’t Call China Currency Manipulator AP
Why do we keep falling for economic bubbles – and will we ever learn? G&M
A Law Shielded Many Texans When the Housing Bubble Burst Norris
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Facebook Epic Fail Is Decade’s Worst Large IPO: Chart of the Day BL
Facebook’s Brilliant Disaster Nocera The Facebook Illusion NYT
How Nasdaq Lost Control of Facebook IPO, by the Minute Reuters
It’s more than just a bad bet for Dimon MW
Questionable trades and hires will likely come up when J.P. Morgan’s Dimon is called to testify in Washington next month
Breaking up Chase: Good for shareholders and taxpayers Bair
Icahn sinks his teeth into Chesapeake MW
Tycoons are dumping their superyachts Fortune
Betting on the Farm: Agriculture Still Promising BMO
The Chinese resource supercycle slows down G&M
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Asked if she is essentially saying to the Greeks and others in Europe that they have had a nice time and it is now payback time, she responds: "That's right."
Theresa May: we'll stop migrants if euro collapses Telegraph
Giant Lender in Spain Asks for Billions to Fend Off Collapse NYT
Ottawa raises foreign takeover review level to $1-billion G&M
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Marc Faber: Chance of Global Recession Is Now 100% CNBC
Greeks not alone in bank savings exodus G&M
Could the Global Derivatives Market Tip Over? Chapman
Is 'Equity Cult' Dead? Stocks Most Unloved in 50 Years FT
Position Yourself for the Rest of "Conquer the Crash" EW
Real federal deficit dwarfs official tally USAT
Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly 4-times the official number reported under unique rules set by Congress.
National debt: Will the U.S. be like Japan? CNN
What the Fed fears Economist
‘Bernanke’s bubbles’ are popping, Hedgeye’s McCullough says MW
Treasurys Only Option as Greece Roils Markets: Gross CNBC
Bubble in Austerity Shows Europe Is Ignoring 1997 Pesek
The Real Crash Schiff The Big Print is Coming LB Saft - Krugman - EB
Pension Bankruptcy in Tiny U.S. Territory Is a Warning of What May Lie Ahead HP
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The only member with any Wall Street experience, James Crown, hasn’t been employed in the industry for more than 25 years.
High-yield bond funds suffer massive outflow hit-Lipper Reuters
Facebook’s stock should trade for $13.80 Hulbert
Reuters: Almost a week later, many investors have found that their orders for Facebook were not executed at the prices they thought
Short Sellers Find Friends in Banks WSJ
Facebook market makers' losses total at least $100 million Reuters
Zuckerberg saved $111m by selling Facebook shares before stock slumped Inde
Zuckerberg’s unpleasant new life Salmon Blodget
This Trader Lost $35 Million on Facebook’s IPO Wall St. CS
SEC unlikely to file charges in Lehman case: memo Reuters
Email, wiretaps, at trial link Gupta to Rajaratnam Reuters
Goldman Sachs’s Trott Tells Jury Buffett Deal Was Kept Secret BL
Buffett Took 20 Minutes to Decide on Goldman Deal, Then Went To Dairy Queen WSJ
Buffett Says Free News Unsustainable, May Add More Papers BL
CP’s pricey pensions a big hurdle to labour deal G&M
Options Strategies for a Bear Market Zacks
Central Bank Gold Buyers Battling Hedge Funds Today Norcini
Lessons from a Tough Year in the Natural Resource Sector Midas
Duties signal 'solar storm' China Daily China says US grants infringe WTO rules
Interactive: World nuclear club Aljazeera
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Bankia shares suspended ahead of rescue details Reuters
Europe slowdown adds more tension to Greek drama ReutersEurope's slump deepens as Kabuki summit falls short Pritchard
Once again Europe's leaders have swooped into Brussels and vanished hours later without offering any clear way out...
Greek Exit Could Trigger a Run on European Banks BL
Bank of Greece Poised to Reveal Crucial Data CNBC
Who Lost the Euro? BL
Germans are bossy and severe. Italians are idle. Greeks are corrupt. Brits are arrogant. The French are vain. So much for 60 years of European unification.
Britain can’t afford to fall for the charms of the false economics Messiah Krugman Warner
China Banks May Miss Loan Target for 2012 BL
Bear in a China Shop Foreign Policy
Social discontent and, yes, income inequality could rip China apart at the seams.
Canadian Banks brace for economic headwinds G&M
Chile: Calm Among The Storm Or Falling Knife? MW
Hong Kong tycoon faces Macau corruption trial AFP
Brazil Sells Swaps, Mexico Auctions Dollars to Boost Currencies BL
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Fiscal cliffs, multipliers, and the myth of central bank independence Economist
Fed’s George: Board Members Should Resign if Undermining Confidence WSJ
More Than 30 Blocks of Grey & Decay JimQ Reich - Smith - Kedrosky - Humble - CR
The Looting of Savers Bear’s Lair
Investors turn to U.S. junk bonds and Japan for yield G&M
New Gauge Shows U.S. Factory Growth Slowing WSJ
When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets VOX
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Facebook IPO Frenzy Costs Main St. Over $600M BL
JPMorgan’s Addiction to Gambling on Derivatives Black
Investors Turn to ETFs to Bet Against JP Morgan BL
Warren Buffett Eyes More Newspapers Reuters
CP: Bill Ackman's journey begins G&M
Special Report: The algorithmic arms race Reuters
First wiretap played at Gupta insider-trading trial Reuters
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Papademos, Grexit, and catastrophe blackmail Pritchard
Euro Crisis: Is the Currency (Finally) Doomed? TIME
Eurozone set to abandon Greece - and austerity Independent
Krugman on Euro Rescue Efforts - 'Right Now, We Need Expansion' Spiegel
German Central Bank Issues Zero-Rate Bonds Spiegel
“If this isn't a speculation bubble, then I don't know what a speculation bubble is”
Bank of England hints at more monetary stimulus Inde
Slim Sees Europe Crisis as Good Time to Invest BL
Growing risk of a hard landing for China's economy Finance Asia
“Things have to get worse before getting better...And we are in the middle of getting worse.”
Chinese Manufacturing Activity Shows Further Weakness Reuters
China Seen Launching 'Aggressive Stimulus' as Growth Slows Further CNBC
Hong Kong Short Selling of Stocks Surges to 13-Year High BL
No housing bubble pop seen in Canada MW
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Greece Rattles Markets: Gold, Oil 'Getting Crushed' CNBC
New Home Sales Rise 3.3% in April AP
Greek Euro Exit Being Considered: Former PM Papademos Reuters
Recovery or Collapse? Bet on Collapse Paul Craig Roberts
Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013 CBO
Research US: Don't write off the US economy Danske
Insiders help bull market dodge bullet Hulbert
A fragile Europe must change fast Martin Wolf
Euro collapse needn’t sink global economy Lynn
Markets Fear End Game for Euro Zone: Goldman’s O’Neill CNBC
A College Bubble So Big Even The NYT And 60 Minutes Can See It...Sort Of Forbes
Markets Rebound on Notion of More Monetary Easing Forsyth
Bill targets Fed conflicts Politico
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One analysis of its earnings prospects suggests it could get a lot worse - more like $10 a share. Why America loves the Facebook fiasco MW The great Facebook fizzle
Facebook's Zuckerberg, Thiel sell shares MW
Facebook's Whiny Investors Should Start Their Own Group Weil
Investors sue Nasdaq, Facebook over IPO Reuters
Buffett’s Idiot Challenge Seized by Jain BL
Mass Layoffs Are Looming at Hewlett-Packard AP
The Ron Paul Warning NYSun
Gold Loses Its Allure for Investors Seeking Safe Haven FTThe traditional link between gold and inflation-adjusted interest rates — as interest rates fall, so does the opportunity cost of holding gold — has also broken down.
Banks are lending even 'allocated' gold - Embry King
Whatever happened to $200 oil? Rubin
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European Banks Unprepared for Greek Exit From Euro BL
Lenders in Germany, France and the U.K. had $1.19 trillion of claims on those four nations at the end of 2011...
Merkel 'astonished' by austerity debate as Germany left isolated on eurobonds Tele
IMF in eurozone 'shock' warning Inde“An escalation of stress in the euro area could set off an adverse and self-reinforcing cycle of lower confidence and exports, higher bank funding costs, tighter credit and falling asset values, resulting in a substantial contractionary shock”
Japan's fiscal death is a warning to the West Pritchard
Japan Faces No Urgency in Dealing With Rising Debt (?) CNBC
World Bank cuts China growth f'cast to 8.2 pct Reuters
Slowdown in growth of credit cards in Q1 Shnaghai Daily
Will Canada's housing bubble burst? BBC
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Existing Home Sales Rise 3.4% in April AP
How Facebook's Stock Selloff Nearly Turned Into a Run CNBC
Facebook shares drop again as SEC, FINRA call for review Reuters
How Facebook could destroy U.S. economy Farrell
Long USD positions at record high Danske
Mixed Sentiment WFargo Put / Call Ratio Approaching 1.0 - BeSpoke (2) - Hulbert
Yardstick says 'sell,' but it may not measure up G&M
Lehman-Type Megashock Looming Weiss
Dimon’s Déjà Vu Debacle Kurgman Sorkin
Austerity or growth? Simple answer is: It depends Pearstein
The Age of Information Sheehan RE Crash - Gartman - Panzner - Keen - Iacono
Most States Still Years Away From Getting Back Lost Jobs WSJ
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So, is there a tech bubble or not? Fortune
Morgan Stanley Cut Facebook Estimates Just Before IPO Reuters
JPMorgan Counterparty Platt Says Bank’s Loss May Widen BL
JPMorgan Veered Away From Hedging Practices BL
Mitt Romney's Private Equity Nightmare BL
Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds AP
MF Global paid Corzine $8 million in year before collapse Reuters Skilling
Flurry of arguments starts Gupta insider-trading trial Reuters WMT
Tom Gayner Interview from Berkshire Hathaway Annual Meeting via GuruInvestor
An Entrepreneur Bankrolls a Genetically Engineered Salmon NYT
China tariffs could slam U.S. solar panel firms CNN
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Greece Urged to Stay in the Euro BL VideoDrachma scarecrows and the Myths of Greek Exit Pritchard
What History Can Explain About Greek Crisis NYT
Research - Greek chaos continues but solution ultimately found Danske
Greek Bailout 'Very Reasonable': South Korea President CNBC
Traders brace for further euro falls FT
Secret Central Bank Aid Props Up Greek Banks FT
Will China have growing pains? Jubak
Why China Won’t Rule Skidelsky
Fitch Cuts Japan Debt Rating, Outlook Negative Reuters
Hedge Funds Circle as Japan’s Asset Bubble Grows Pesek
Putin’s Government Appointments Spur ADR Rally BL
Norway Bubble Risk Is Overblown in Supply Squeeze, Solberg Says BL
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In what is the Treasury's first-ever direct relationship with a foreign government
Walking a Treasury Tightrope WSJ
Facebook Tumbles Below IPO Price on Day Two BL Reality Overtakes Hype
JPMorgan Halts Buybacks in Wake of Trading Loss CNBC
Babe Ruth Jersey Sells for Record $4.4 Million - NY Penthouse Sets Record
Liquidation Syndrome Hussman
Rising US recession risk poses the real threat to Europe Pritchard
Gold will regain its shine Fleck Time to go for the gold? MW
Must-read Price
Economist Nouriel Roubini predicts trouble ahead for economy USAT
Fed Is More Bullish Than Wall Street on Outlook BL
As Centenary of Fed Approaches, Promises on Gold Echo From an Earlier Congress NYSun
The end of the post-WWII world is not the end of the world Fabius Maximus
No Guarantee Chovanec Pettis - Auerback - Krugman - EB - Smith - Keen
Faber Says Stocks in 'Very Significant Correction' BL Video
Baby boomers confound experts with their housing choices Inquirer
Number of the Week: Student Loan Bubble WSJ
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The number being bandied about now is closer to a range of $6 billion to $7 billion
JPMorgan Risk Overseer Has Record of Losses BL
Banking Burnouts Blow Away Myths of Wall Street Glamour BL
Day traders expose algorithm’s flaws FT
“Every few weeks an algorithm is going wrong, and there is always someone making money from it”
Nasdaq to revamp system after tech problems on Facebook IPO: WSJ Reuters
Zuckerberg weds longtime girlfriend, no word on prenup Reuters
Alibaba buys back 20% stake from Yahoo - China's Wanda buys US cinema owner AMC
China blasts 'unfair' US solar anti-dumping move Shanghai Daily
Chinese Buyers Defaulting on Raw Material Cargos FT
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The euro end game MakinThe anatomy of the eurozone bank run FT
Hedge Funds Build Euro Bear Bets on Greece Prospects BL
Spain will ask for bailout soon, top financier warns Independent
Rising US recession risk poses the real threat to Europe Reuters
Will Greece Be Able to Print Drachma in a Rush? Reuters
The Crazy Way Europe Measures Inflation Might Doom the Euro Atlantic
A Tempting Rationale for Leaving the Euro NYT
Premier Wen: China to Focus More on Growth BL
Global yuan boost for city ambitions Shnaghai Daily
China’s lending-averse banks MW
Where Are the Investors? Turnover in Asia Plunges CNBC
Afghan President Karzai Thanks US for 'Your Taxpayers' Money' ABC
Welfare recipients hit another record Yomiuri
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Dr. Frankenstein’s Europe Mauldin
The Jig is Up Noland
Corporate debt a “perfect storm” in the making, S&P warns G&M
The Relationships Among Changes in GDP, Employment,and Unemployment: This Time, It’s Different FRBSL
Correction Low May Be Weeks Away Swenlin
This Is Crazy! Bring Back Glass-Steagall! Harding
Panic Like It’s March 2009 Puplava
The new threat to your portfolio Jubak
Seeing Bailouts Through Rose-Colored Glasses Morgenson
The Number of Those Working Past 65 Is at a Record High Norris
Global Views - Global Equity
Gold-Stock Capitulation ZEAL
When Americans Celebrated the Federal Debt BL Reich
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WSJ: “...lead underwriter Morgan Stanley was assigned to be the deal's "stabilization agent - meaning it was the firm's job to keep the shares above the offering price...”
Facebook Tells Staff to Keep Focus BL
Miss out on Facebook? Don't cry USAT
CFTC Said to Open Inquiry Into JPMorgan Loss NYT
Dewey to consider bankruptcy filing: source Reuters
The giant killer: Inside CP’s overthrow G&M
CFTC Proposes Easing of Dodd-Frank Rules BL
The agency proposed revising the rules following requests from lobbying groups representing agriculture and energy firms including...
U.S. Slaps High Tariffs on Chinese Solar Panels NYT
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Spain may again revise 2011 deficit upward: AP MW
Banks' rising bad loans add to Spanish troubles Reuters
Greek euro tragedy nears final act Guardian
In European Crisis, Iceland Emerges as an Island of Recovery WSJ (via Google)
Cross-Border Shopping: Here Comes the Flood BMO
Our latest random sampling of a basket of goods finds that Canadian retail prices are roughly 13% above U.S. levels
USAT: “Asked what's driving investors out of the stock market, where the Dow has finished lower 11 of the past 12 sessions for the first time since 2002, and into U.S. bonds, Hornbarger...said: "Fear...”
The Market Is Starting To Recognize Reality Comstock
Treasuries Longest Winning Streak Since ‘98 BL